JAB Takes Another Bite Out of the Coffee Market with Pret A Manger Acquisition

JAB Holding Company and the JAB Consumer Fund — both sprouting from the Luxembourg-based JAB, owned and run by members of the Germain billionaire Reimann family — are acquiring Pret from the current owner, international private equity firm Bridgepoint and other minority owners. The companies have not announced the financial terms of the acquisition, although Reuters has reported that it is for approximately $2 billion plus debt